2-bedroom flat · TS10 1RH
For saleReduced £5.5k (−5.8%) on 15 OctListed 861 days
Opportunity summary
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About
Nestled on the desirable Coatham Road in Redcar, this apartment is part of a pair of one-bedroom flats available for sale, making it an ideal choice for those looking to expand their property portfolio.
Currently sold with sitting tenants, the apartment generates a steady rental income of £10,000 per annum, providing a reliable return on investment.
The location is particularly appealing, with easy access to local amenities, transport links, and the beautiful coastline that Redcar is known for.
Whether you are a seasoned investor or a first-time buyer looking to enter the rental market, this property offers both charm and financial potential.
Do not miss the chance to acquire this well-located apartment in a thriving area.
It is a perfect opportunity to secure a property that not only meets your needs but also promises a fruitful investment for the future.
Tenure: Leasehold Council Tax Band: Apartment A - Redcar & Cleveland Band A, Apartment B - Redcar & Cleveland Band A EPC Rating: Apartment A - E, Apartment B - D Ideal for all amenities and transport links, the flats on the first and second floor share an entrance from Coatham Road and both offer: Lounge/Diner, Kitchen, Bathroom and Bedroom.
A perfect addition to any investors portfolio, and jointly producing gross rental income approached £10,000 Flat 3a Coatham Road, Redcar Offered with a sitting tenant and ideally situated for all town centre amenities, we are delighted to offer For Sale this deceptively spacious and well presented One Bedroom First Floor Apartment.
Providing a gross rental income of £5100 per annum, this should be of interest to all investors.
The brief layout comprises: Staircase to First Floor, Entrance Vestibule, good sized Lounge/Diner, Kitchen, Bathroom and Bedroom.
Per annum, we are delighted to offer For Sale these Two town centre Flats, both offered with sitting tenant. Accommodation Measurements quoted are approximate.
Entrance Communal Entrance Hall, staircase to First Floor, wooden door to Vestibule.
Lounge/Diner 13`10` x 13`1` reducing to 11`6` (4.21m x 3.98m reducing to 3.50m) uPVC sealed unit double glazed window, wall mounted electric heater, wooden fire surround with tiled inset and hearth.
Kitchen 13`2` x 7`2` (4.01m x 2.18m) comprising a range of base and wall units with laminate work surfaces, electric cooker, single drainer sink unit, fridge/freezer space, plumbing for washing machine, uPVC sealed unit double glazed window, radiator.
Bedroom 12`3` x 7`3` (3.73m x 2.20m) uPVC sealed unit double glazed window, electric heater.
Bathroom 13`3` x 5`1` maximum (4.03m x 1.54m maximum) comprising panelled bath with shower over, pedestal basin, low flush WC, complementary tiling, airing cupboard, uPVC sealed unit double glazed window.
Flat 3b Coatham Road, Redcar Ideal for the investor and offered with a sitting tenant, we are delighted to offer For Sale this Second Floor Flat offering direct access to all town centre amenities.
Providing a gross rental income of £4740 per annum, this would be a welcome addition to any portfolio.
The brief layout comprises: Staircase to Second Floor, Entrance Hall, good sized Lounge/Diner, Kitchen, Bathroom and Bedroom. Accommodation Measurements quoted are approximate.
Entrance Communal Entrance, staircase to Second Floor, wooden door to Entrance Hall with storage.
Lounge 17`3` x 10`9` (5.25m x 3.27m) uPVC sealed unit double glazed window, electric fire surround with tiled inset and electric fire.
Kitchen 13`1` x 7`4` (3.98m x 2.23m) range of base and wall units, laminate work surfaces, single drainer sink unit, electric cooker, plumbing for washing machine, fridge/freezer space, uPVC sealed unit double glazed window.
Bedroom 13` x 7`10` (3.96m x 2.38m) uPVC sealed unit double glazed window, wall mounted heater.
Bathroom 13` x 5` (3.96m x 1.52m) comprising bath with shower over, pedestal basin, low flush WC, airing cupboard, uPVC sealed unit double glazed window.
Disclaimer Please note that all measurements contained in these particulars are for guidance purposes only and should not be relied upon for ordering carpets, furniture, etc.
Anyone requiring more accurate measurements may do so by arrangement with our office.
Our description of any appliances and / or services (including any central heating system, alarm systems, etc.) should not be taken as any guarantee that these are in working order.
The buyer is therefore advised to obtain verification from their solicitor, surveyor or other qualified persons to check the appliances / services before entering into any commitment.
The tenure details and information supplied within the marketing descriptions above are supplied to us by the vendors.
This information should not be relied upon for legal purposes and should be verified by a competent / qualified person prior to entering into any commitment.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 3a and 3b, Coatham Road, Redcar
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